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Kentucky House Bill 544 would set aside money toward the redesigned Rupp Arena

The Univ. of Kentucky "will sign a long-term lease" with the city of Lexington for use of Rupp Arena, marking "the first time the university has publicly said it will sign a long-term commitment" to stay at the venue, according to Beth Musgrave of the LEXINGTON HERALD-LEADER. UK officials have "expressed reservations" about the $310M renovation of Rupp Arena and the Lexington Convention Center, fearing the project "could jeopardize funding for other capital projects." But UK Dir of PR & Marketing Jay Blanton said, "We continue to work on our financing plan to help support this initiative. The UK plan includes a long-term lease and new project revenues generated solely from premium seating and other revenue opportunities created by the ...